Validator nodes will be responsible for making blocks in the network. To help ensure the success of Polkaswap, we require community support in running validator nodes on the SORA network.
Hosting a validator node is fairly straightforward — but it does have technical requirements as well as a risk-reward profile that should be carefully considered.
Here's what you'll need to get started:
Follow the installation guide for your operating system.
CPU - Intel(R) Core(TM) i7-7700K CPU @ 4.20GHz or better
80-160 gigabytes will be okay for the first six months, following re-evaluation every six months
Not all those who register on the network to become validators will necessarily make blocks
If the competition is high and there are more than the maximum number of possible active validators, then those validators with the most XOR will most likely participate in actual validation. In this case, the de facto minimum stake for an active validator will increase automatically.
Validators are selected using Polkadot's Phragmen Method
Your hard work won't go without reward. Those who run validator nodes will receive rewards in the form of VAL tokens.
will be distributed in the form of VAL tokens
of VAL happens with every transaction on the SORA network, so the total supply of 100 million VAL will keep going down over time
of tokens, as a % of the burn, in accordance with the reward rules, goes distributed toward validators and stake nominators
structures can group together between VAL token holders and vote to allocate liquidity on Polkaswap. The liquidity they allocate comes from half the margin in the SORA token bonding curve
~432,000 blocks per calendar month
~360,000+ tx per month on average
Stake, trade, pool and earn rewards
Nope. Even when meeting all of the technical requirements, not all those who register on the network to become validators will necessarily make blocks. If the competition is high and there are more than the maximum number of possible active validators, then those with the most XOR will likely participate in actual validation.
Why not incentivize validators with XOR? — Validators have to lock up XOR to stake. Rewarding Validators in a different asset helps to reduce risk due to asset correlation.
What does the deflationary model of VAL mean? When can we expect the price to go up? — The supply of VAL being deflationary means that the supply of VAL tokens decreases over time. Whether there is an effect on the market price or not is up to the market to decide.